Max Resource (CVE:MXR) Stock Price Down 5.7%

Max Resource Corp. (CVE:MXRGet Rating)’s share price was down 5.7% during mid-day trading on Friday . The stock traded as low as C$0.41 and last traded at C$0.42. Approximately 357,400 shares changed hands during trading, an increase of 25% from the average daily volume of 285,195 shares. The stock had previously closed at C$0.44.

Analysts Set New Price Targets

Separately, Fundamental Research assumed coverage on shares of Max Resource in a research report on Friday, September 16th. They set a “buy” rating and a C$0.86 target price for the company.

Max Resource Trading Down 5.7 %

The firm has a market cap of C$40.70 million and a price-to-earnings ratio of -6.69. The company has a fifty day moving average price of C$0.41 and a 200-day moving average price of C$0.41.

Max Resource Company Profile

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Max Resource Corp. engages in the acquisition and exploration of mineral properties in Canada, Peru, and Colombia. The company holds interests in the Choco gold project covering 250 square kilometers; North Choco gold-copper project covering 250 square kilometers; Gachala copper project covering 164 square kilometers; Novita project covering 10,790 hectares located in Colombia; and Cesar copper silver project, which covers an area of approximately 2,000 hectares located in Colombia.

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